IBM has announced a definitive agreement to acquire Instana, an application performance monitoring firm. Financial details were not disclosed.
Once the acquisition closes, Instana’s technology will be incorporated into IBM’s hybrid cloud and artificial intelligence portfolios – two markets IBM leadership has targeted for high growth in the coming years. To that end, IBM recently said it would spin off the $19 billion Managed Infrastructure Services unit of its Global Technology Services division to help the company focus on hybrid cloud, AI and quantum computing.
